{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-031493","form_type":"8-K","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.491056+00:00","generated_at":"2026-06-04T21:23:20.917356+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TerrAscend reports record 2023 revenue $317.3M (+28%); Q4 Adj. EBITDA $19.6M; first full year of positive free cash flow","bullets":["Full year 2023 net revenue $317.3M, up 28% YoY; gross profit margin 50.3% vs 41.0% in 2022.","Adjusted EBITDA from continuing ops $68.8M for FY2023 (+77.1% YoY); positive free cash flow $23.4M (first full year).","Q4 2023 net revenue $86.6M (+25.5% YoY); Adjusted EBITDA $19.6M (+60.7% YoY); margin 22.7% vs 17.7%.","GAAP net loss from continuing ops $82.3M for FY2023 includes $58.0M non-cash impairments on Michigan/California intangibles.","Changed tax position under IRC 280E; reclassified $59.2M tax liabilities to long-term; expects ~$26M in refunds for 2020-2021."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-031493","json":"https://secwatch.observer/filing/0000950170-24-031493.json","markdown":"https://secwatch.observer/filing/0000950170-24-031493.md","text":"https://secwatch.observer/filing/0000950170-24-031493.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000095017024031493/0000950170-24-031493-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000095017024031493/tsndf-20240314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:23:20.917356+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c30538277a653646a7f77c28cbc3b3b76c8d64ef","claim":"TerrAscend Corp. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.","evidence_excerpt":"On March 14, 2024, TerrAscend Corp. (the \"Company\") issued a press release announcing its financial results and business highlights for the fourth quarter and fiscal year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000095017024031493/0000950170-24-031493-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}